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RMG export sees 28.02% growth in December

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Desk Report: According to EPB data, more than $4.9 billion worth of goods were shipped in December, a monthly record, propelling the overall export earnings to $39.14 in 2021.Readymade garments contributed to about $20 billion, or more than 80 percent, of the total exports in the July-December period, as the holiday season in the West continued smoothly for the most part, barring some disruptions towards the end due to fears of the spread of omicron, a highly infectious but less severe coronavirus variant.

epbdata

EPB data showes,  December 2021 ended with $4.04 billion of readymade garment export, while the half-yearly apparel export in July-December period of the current fiscal year reached $19.90 billion registering a 28.02% year-on-year growth. RMG export breakdown shows knitwear exports saw 56.57% growth in December, whereas woven garment export increased by 48.17%, marking a positive turn in all key clothing export categories.

According to exporters, overall export growth in the first six months of the current fiscal year is also unprecedented. government set an export target of $43.5 billion for FY22.

RMG export sees 22.97% growth in November